Underwriting Consultant

Medica • Minnetonka, MN

6h • Hybrid

About The Position

The Underwriting Consultant plays an important role in supporting financial analysis and underwriting for large group commercial customers, across both Fully Insured and Self Insured business. In this position, you will apply underwriting guidelines and analytical skills to develop pricing recommendations, assess risk, and project future costs for new business and renewal accounts. This role partners closely with Medica Sales to provide clear pricing rationale and support renewal and sales strategies that balance customer needs with Medica’s financial objectives. The Underwriting Consultant is expected to exercise sound judgment, contribute to pricing discussions, and continue building expertise in a competitive market.

Requirements

• Bachelor’s degree or equivalent combination of education and experience.
• 4+ years of professional experience in health insurance underwriting or a related field.
• Experience within the healthcare insurance industry preferred.
• Experience supporting large group commercial underwriting.
• Experience using claims and experience reporting to assess risk and project future costs.
• Strong analytical skills with the ability to translate data into clear insights.
• Strong written and verbal communication skills.
• Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

Nice To Haves

• Experience with both Fully Insured and Self Insured large group business; Self Insured experience is a plus.
• Experience supporting RFPs or large case underwriting.
• Working knowledge of self-funded concepts, stop loss, and funding arrangements.
• Experience working with claims data and experience reporting tools.
• Skills and Abilities Strong relationship-building, communication, and organizational skills.
• Ability to work cross-functionally and contribute to team-based outcomes.
• Ability to evaluate data and support well-reasoned recommendations.
• Developing ability to influence decisions and communicate effectively with internal partners.
• Experience supporting pricing in a competitive commercial market.

Responsibilities

• Support underwriting activities for assigned large group commercial opportunities across Fully Insured and Self Insured products, including new business and renewals.
• Perform financial analysis using group census data, claims experience, and reporting to project future claim costs.
• Contribute to underwriting support for RFPs, including large and complex cases.
• Develop and evaluate pricing recommendations aligned with underwriting guidelines and risk considerations.
• Collaborate with Sales and Account Management to support renewal strategy development and customer discussions.
• Assist in communicating underwriting rationale, risks, and recommendations to internal stakeholders.
• Apply sound business judgment in evaluating risk, with support from senior team members as needed.
• Build knowledge of large group underwriting, including Self Insured funding arrangements and plan design considerations.
• Maintain awareness of market trends and industry developments impacting underwriting decisions.

Benefits

• competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level